TMI BlogCompetition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... ission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011, namely:- 1. Short title and commencement.- (1) These regulations may be called the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2018. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011,- (1) in regulation 2, in sub-regulation (3), for the words, figures and brackets Companies Act, 1956 (1 of 1956) , the following shall be substituted, namely:- C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rds shall be substituted, namely:- seven working days ; (6) after regulation 16, the following regulation shall be inserted, namely:- 16A. Withdrawal and refiling of notice.- (1) At any time prior to the issuance of notice under sub-section (1) of section 29 of the Act , the Commission may on the request of the parties to the combination allow withdrawal and refiling of the notice given under regulation 5 or regulation 8 of these regulations. (2) In case of withdrawal of notice under sub-regulation (1), the fee already paid in respect of such notice shall be adjusted against the fee payable in respect of new notice given by the parties to the combination provided the new notice is given within three months from the dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act and sub-section (11) of section 31 of the Act . ; (9) in regulation 27, for sub-regulation (1), the following sub-regulation shall be substituted, namely:- (1) Where the Commission is of the opinion that the implementation of the modifications to the proposed combination needs supervision, it may appoint agencies to oversee such implementation, on such terms and conditions as may be determined by the Commission. . SMITA JHINGRAN, Secy. [ADVT.-III/4/Exty./301/18] Note: Principal Regulations were published vide Notification No. F. No. 1-1/ Combination Regulations/2011-12/CD/CCI in the Gazette of India, Extraordinary, Part III, Section 4, dated the 11th May, 2011 and were subsequently amended by,- (a) The Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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